Nuinsco Resources Beta vs. Current Valuation
| NWIFF Stock | USD 0 0.0009 60.00% |
For Nuinsco Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nuinsco Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nuinsco Resources Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nuinsco Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nuinsco Resources Limited over time as well as its relative position and ranking within its peers.
Nuinsco |
Nuinsco Resources Current Valuation vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nuinsco Resources's current stock value. Our valuation model uses many indicators to compare Nuinsco Resources value to that of its competitors to determine the firm's financial worth. Nuinsco Resources Limited is considered to be number one stock in beta category among its peers. It also is rated top company in current valuation category among its peers reporting about 982,621 of Current Valuation per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nuinsco Resources' earnings, one of the primary drivers of an investment's value.Nuinsco Current Valuation vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Nuinsco Resources |
| = | 4.34 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Nuinsco Resources |
| = | 4.26 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Nuinsco Current Valuation vs Competition
Nuinsco Resources Limited is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is now estimated at about 14.2 Billion. Nuinsco Resources adds roughly 4.26 Million in current valuation claiming only tiny portion of all equities under Materials industry.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nuinsco Resources will likely underperform.
Nuinsco Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nuinsco Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nuinsco Resources will eventually generate negative long term returns. The profitability progress is the general direction of Nuinsco Resources' change in net profit over the period of time. It can combine multiple indicators of Nuinsco Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Nuinsco Resources Limited acquires, explores for, and evaluates properties for precious and base metals. In addition, it holds an option to acquire a 100 percent interest in the Dash lake project located in Fort Francis, Ontario and Zig Zag lake project located in Armstrong, Ontario. Nuinsco Resources is traded on OTC Exchange in the United States.
Nuinsco Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nuinsco Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nuinsco Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nuinsco Resources' important profitability drivers and their relationship over time.
Use Nuinsco Resources in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nuinsco Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nuinsco Resources will appreciate offsetting losses from the drop in the long position's value.Nuinsco Resources Pair Trading
Nuinsco Resources Limited Pair Trading Analysis
The ability to find closely correlated positions to Nuinsco Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nuinsco Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nuinsco Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nuinsco Resources Limited to buy it.
The correlation of Nuinsco Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nuinsco Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nuinsco Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nuinsco Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Nuinsco Resources position
In addition to having Nuinsco Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Money Funds Thematic Idea Now
Money Funds
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Money Funds Theme or any other thematic opportunities.
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Other Information on Investing in Nuinsco Pink Sheet
To fully project Nuinsco Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nuinsco Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nuinsco Resources' income statement, its balance sheet, and the statement of cash flows.